LETTER FROM RICHARD A. EISNER & COMPANY, LLP
Published on April 27, 2001
EXHIBIT 16.1
RICHARD A. EISNER & COMPANY, LLP
575 Madison Avenue
New York, NY 10022
(212) 355-1700
April 27, 2001
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, DC 20549
Re: Cytoclonal Pharmaceutics Inc.
Gentlemen:
We have read the statements made by Cytoclonal Pharmaceutics Inc. (the
"Company"), a copy of which is attached hereto, which we understand will be
filed with the Securities and Exchange Commission pursuant to Item 4 of Form
8-K, and we are in agreement with the statements contained in paragraphs (a)(i),
(a)(ii), (a)(iv), and (a)(v) and the first sentence of (c) of Item 4. We have no
basis to agree or disagree with other statements of the Company contained
therein.
/s/ RICHARD A. EISNER & COMPANY, LLP
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Richard A. Eisner & Company, LLP
Attachment
ATTACHMENT
ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT.
(a) Previous independent accountants.
(i) On April 26, 2001, Richard A. Eisner & Company, LLP was
dismissed as the Registrant's independent auditors.
(ii) The reports of Richard A. Eisner & Company, LLP on the
financial statements for December 31, 2000 and 1999 (the two
most recent audited fiscal years) contained no adverse opinion
or disclaimer of opinion and were not qualified or modified as
to uncertainty or as to scope or accounting principles.
(iii) The Registrant's Board of Directors participated in and
approved the decision to hire new independent accountants.
(iv) In connection with its audits for December 31, 2000 and 1999
(the two most recent audited fiscal years) and subsequent
interim periods through April 26, 2001, there have been no
disagreements with Richard A. Eisner & Company, LLP on any
matter of accounting principles or practices, financial
statement disclosure, or auditing scope or procedure, which
disagreements if not resolved to the satisfaction of Richard
A. Eisner & Company, LLP would have caused them to make
reference thereto in their report on the financial statements
for such years.
(v) During the years ended December 31, 2000 and 1999 (the two
most recent audited fiscal years) and subsequent interim
periods through April 26, 2001, there have been no reportable
events as defined in Regulation S-K Item 304 (a)(l)(v).
(b) New independent accountants.
The Registrant has elected Ernst & Young LLP as its new
independent accountants as of April 23, 2001. During the two
most recent fiscal years and through April 23, 2001, the
Registrant has not consulted with Ernst & Young LLP regarding
either (i) the application of accounting principles to a
specified transaction, either completed or proposed; or the
type of audit opinion that might be rendered on the
Registrant's financial statements, and either a written report
was provided to the Registrant or oral advice was provided
that Ernst & Young LLP concluded was an important factor
considered by the Registrant in reaching a decision as to the
accounting, auditing or financial reporting issue; or (ii) any
matter that was either the subject of a disagreement, as that
term is defined in Item 304(a)(1)(iv) of Regulation S-K and
the related instructions to Item 304 of Regulation S-K, or a
reportable event, as that term is defined in Item 304
(a)(1)(v) of Regulation S-K.
(c) The Registrant has furnished Richard A. Eisner & Company, LLP
with a copy of the disclosure made herein and has requested
that Richard A. Eisner & Company, LLP furnish it with a letter
addressed to the SEC stating whether or not it agrees with the
above statements. A copy of such letter, dated April 27, 2001,
is filed as Exhibit 16.1 to this Form 8-K.